Member Info for Ibug

01 March 2023
"Site construction now expected to start in 7-10 days with an estimated duration of around 14-21 days"
So that means we should get news any time between the 8th and 11th March. I wonder if they will keep to that? Mullins obviously thinks so.

Amazing what difference £1800 can make. Would have been really difficult to spot that trade.

And it all started in 2017.

Wed, 15th Nov 2017 07:00

RNS Number : 5123W
UK Oil & Gas Investments PLC
15 November 2017

UK Oil & Gas Investments PLC

("UKOG" or the "Company")



£10 Million Financing and Commencement of BB-1z Optimised Flow Testing



Highlights:

· Further £10 million cash funding secured, giving a total of £16.5 MM raised to-date in 2017

· Company now fully funded to deliver planned drilling and testing programme through 2018

Perhaps p'nuts would have been a better description.

"The Company is fully funded to cover its share of the expected $0.4 million gross dry hole and $0.63 gross success case (tested and completed as an oil producer) costs."

Ocelot
But it is such a paltry sum. Chickenfeed would adequately describe it.

Not sure I would call Turkey good news when they are basing hope on 1988 seismic and heavily oil cut fluids.

Should read " you could call it a resumption even after a 19 month delay and close to 3 years since conception. " Is it really that long?

"resumption"? Hardly. New name, new place, new target and a real "hail Mary". Now if it was called Basur-?, the same location and targeting the same structure you could call it a resumption even after a 19 month delay and close to 2 years since conception. So much for rapid monetisation.

Just a reminder that they will probably miss the Q1 deadline they originally mentioned. No doubt we will get more of those as time progresses. Is SS waiting for the SP to rise before springing a placing upon us? It is the uncertainty that makes this such a good trading share.

Over 5 days old. Over 10k followers. Over 2k have viewed it but only 23 have liked it.

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that further to its Pinarova-1 release of 1st March 2023, the Company is now in possession of Turkey's General Directorate of Mining & Petroleum Affairs' ("GDMPA") formal written consent covering the Pinarova-1 exploration well's geological and technical objectives and design. As is customary, GDMPA request that they must receive a notice of intended "spud" date five days before actual drilling commencement, still currently expected to be around the end of March or early April 2023. UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the Basur-1 light oil discovery.

https://twitter.com/Hiownews/status/1631769531168194561?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

"Hampshire and IoW News
Emergency procedures have been activated at Exxonmobile site in Fawley following an explosion at the Hydrogen plant.
Workers in the site have shut down a section of the"

Some of the doorbell videos are worth watching.

https://www.itv.com/news/meridian/2023-03-03/loud-explosion-shakes-houses-after-incident-at-hampshire-oil-refinery

Still not admitting to the numerous Planning Conditions though set by the Inspector.

Decision documents
07/06/2022 07/06/22 Costs - inspectors report (0kb)
07/06/2022 07/06/22 Costs - decision letter (0kb)
07/06/2022 07/06/22 Decision and Inspector's report (0kb)

https://planning.surreycc.gov.uk/Planning/Display/SCC%20Ref%202021/0034#

Ocelot
No change since they updated there website last month. "In the light of these evaluations, the drilling of Basur-3 exploration well was started on 26.06.2021, it was opened up to 1800 meters, but the target reservoir levels could not be reached. Well," was the last entry then.

TH2
You'll do well to get 0.2p. The only hail Mary left in the bag is Turkey in the next 2 months. Not sure that what is in the Finch hand is any good though but then again the result yesterday was a surprise to them.

Once upon a time I lived within 1 km of Horndean C1/C2 and didn't even realise it was there until I did research on it after buying into UKOG. But then again I had to put up with a golf club at the bottom of my garden!

threeputt
But it was Project Dunsfold and Waverly BC in court. The Good Law Project were only supporting Project Dunsfold. I very much doubt if fracking was part of the hearing yesterday.

He obviously forgot he posted it on the 1st. elle did his job and only took down 10 of my posts yesterday. News about Loxley obviously hurt him really badly. Not sure any of us saw that result coming but it has probably put back Loxley at least 6 months.

Updated: Legal challenge to Dunsfold gas drilling gets go-ahead

The High Court has given the go-ahead to a legal challenge against gas drilling near the Surrey village of Dunsfold.

https://drillordrop.com/2023/03/02/legal-challenge-to-dunsfold-gas-drilling-gets-go-ahead/

Hardly worth reading imo. Be interesting to see what SS says if anything.

https://twitter.com/PaulDFollows/status/1631319793973305347

I am so pleased and frankly staggered to announce that
@WaverleyBC
and
@ProtectDunsfold

@GoodLawProject
have prevailed! We have permission to JR the decision to explore for fossil fuel in #Dunsfold. Some interesting grounds too...

No doubt Ruth will push out the full story later.